SBS Nexus Berhad, a one-stop integrated marketing solutions provider slated for listing on the ACE Market of Bursa Malaysia, has received an enthusiastic response for its Initial Public Offering (IPO), reflecting strong investor confidence in the company’s business model and growth prospects.
The public offering attracted more than 5,500 investors, with total subscription reaching approximately 570 million shares, representing a value of about RM142.6 million. Overall, the IPO was oversubscribed by 22.28 times.
Of the 24.5 million new shares made available to the Malaysian public, the Bumiputera tranche recorded an oversubscription rate of 23.38 times, while the non-Bumiputera portion was oversubscribed by 21.18 times, underscoring broad-based demand across investor segments.
Beyond the public tranche, all other allocation channels were fully subscribed. These included shares reserved for directors, employees and eligible persons, as well as existing shares allocated to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI). In addition, the private placement to selected investors—comprising both new and offer-for-sale shares—was successfully completed.
According to the company, the private placement involved 720 investors, with the top 10 investors collectively holding approximately 77.24 million shares. This represents nearly 60% of the private placement and 15.76% of the company’s enlarged share capital upon listing, indicating strong participation from institutional and high-net-worth investors.
Following its listing, SBS Nexus will have an enlarged issued share capital of 490 million shares. Proceeds from the IPO will be utilised to enhance its digital capabilities, expand operational and creative teams, support working capital requirements, and cover listing-related expenses.
Operating under a light-asset business model, SBS Nexus provides comprehensive integrated marketing solutions, including event management, advertising placement, public relations, and social media content production. As the convergence of online and offline marketing continues to accelerate, the company is well-positioned to capitalise on long-term growth opportunities within the integrated marketing landscape.